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When is the sale of common stock sold on a subscription basis at a price in excess of par recorded?
Wiki User
∙ 9y ago
When there is reserves as well as retained earnings are also presentaed in balance sheet then price of share is more than its face value and then at that time shares are issed at excess of par value.
Wiki User
∙ 9y ago
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What does muzak mean?
A trademark used for recorded background music transmitted by wire or radio, as to places of business, on a subscription basis.
How much does a Gamefly subscription cost for one year?
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Distinguish between inscription and subscription?
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Cash Basis - When the check is written to pay for them. Accrual Basis - When the services are rendered.
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Accrual basis accounting vs Cash basis Accounting?
Under accrual basis of accounting, transactions are recorded when they actually occurred while in cash basis accounting transactions are recorded when actual cash is paid. Accrual accounting follows the matching concept according to which all revenues in one period should be match with expenses.
What accounting method does accounting firms use?
Accounting firms use two accounting methods viz., cash basis and accrual basis. In the cash basis method, income is recorded upon receipt of funds rather than based upon when it is actually earned and expense is recorded as they are paid, rather than they are actually incurred. Conversely, in accrual basis, income and expenses are both recorded at the time they are actually earned or incurred.
What is cash-basis method?
Cash basis method is that in which all business transactions are recorded when actual cash is paid and not when actual transaction occured.
What is the purpose of subscription software?
The purpose of subscription software is to have the user pay the company on an ongoing basis instead of just paying a one time fee. The software is more expensive for the user in the long run, but the manufacturer promises benefits such as more frequent updates.
